MercoPress. South Atlantic News Agency
Falklands' oil company unaware of reasons for share prices increase
Drilling continues on the Humpback exploration well to the south of the Falklands and none of the reservoir objectives have been penetrated yet. Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes Friday's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.
Drilling continues on the Humpback exploration well to the south of the Falklands and none of the reservoir objectives have been penetrated yet.
As previously announced on 25 August 2015, FOGL anticipates that the results of the well should be available in September 2015 and a further update will be provided once target depth has been reached and wire-line logs have been run.
Categories:
Economy, Energy & Oil, Falkland Islands.
Top Comments
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Read all commentsI think it's because I bought one share...;-))))
Sep 13th, 2015 - 04:12 pm 0:-))
Sep 13th, 2015 - 06:44 pm 0@1 Best investment You have EVER made!!!!
Sep 14th, 2015 - 08:59 am 0Well Done.
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